Sat, 15 May 2021

U.S.-listed Chinese firms trade flat

Xinhua
20 Apr 2021, 07:05 GMT+10

NEW YORK, April 19 (Xinhua) -- U.S.-listed Chinese companies traded roughly flat on Monday with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Shares of TAL Education Group and NIO climbed 2.36 percent and 1.91 percent, respectively, leading the gainers in the top 10 stocks in the index.

Shares of Baidu and Alibaba Group Holding dropped 1.71 percent and 1.64 percent, respectively, leading the decliners in the top 10 stocks.

U.S. stocks finished lower on Monday amid weakness in tech names.

The Dow Jones Industrial Average decreased 123.04 points, or 0.36 percent, to 34,077.63. The S&P 500 fell 22.21 points, or 0.53 percent, to 4,163.26. The Nasdaq Composite Index slid 137.58 points, or 0.98 percent, to 13,914.77.

The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 6.4 percent to 17.29.

As of Friday, the S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, stood at 4,852.42, marking a 2.05-percent loss for the month-to-date returns and a 7.12-percent slide for the year-to-date returns.

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